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BlockBeats News, May 19th, Secretary-General of the OECD, Mathias Cormann, stated that the escalating Middle East conflict is creating a "double blow" to the global economy—dragging down economic growth on one hand and fueling inflation on the other hand. Global central banks may be forced to make a difficult balance between "anti-inflation" and "pro-growth." Cormann mentioned that the OECD had already issued a warning about these risks in the March interim economic assessment and is planning to update the global economic outlook on June 3rd. He pointed out that with the rise in oil prices and the spillover of energy shocks, if it further triggers wage hikes and other "second-round inflation effects," even though economic growth has slowed, central banks around the world may still have to maintain a tight policy. Reports indicate that the recent G7 Finance Ministers and Central Bank Governors meeting held in Paris originally focused on long-term structural issues such as the U.S. fiscal deficit. However, with the escalation of the Middle East situation and the global bond market experiencing sell-offs, energy prices and inflation risks quickly became the center of discussion at the meeting.

According to documents submitted to the US Securities and Exchange Commission, this financing arrangement is intended to provide additional funding support for the company's operations.

The conversion of share class this time means that the super voting rights attached to the relevant shares have been stripped. In GitLab’s shareholding structure, Class B shares usually carry 10 votes per share, while Class A shares correspond to only 1 vote per share. This change will directly affect the company’s distribution of voting rights. As a key figure in the company, the adjustment of Sijbrandij’s share class may indicate considerations related to personal financial planning or corporate governance. Market analysts point out that such conversions are sometimes preparations by shareholders for potential future stock sales, as it increases the liquidity of the shares and makes them more aligned with the main types of securities traded on the public market. According to the document, this conversion was carried out based on the provisions of the conversion clause in GitLab’s certificate of incorporation. After the conversion is completed, Sijbrandij will continue to hold the same number of common shares of the company, but the class of shares and their associated shareholder rights have fundamentally changed.